Styrian Spirit shuts down

Austrian Regional carrier Styrian Spirit shut down operations Friday, stranding hundreds of passengers, and subsequently declared insolvency.
The Graz-based airline had been hopeful of securing a potential partner who would have injected €5 million ($6 million), but the deal fell through and 152 employees will lose their jobs. CEO Andreas Roesslhuber told ATWOnline a few days prior to the closure that the carrier needed €6-€9 million in fresh capital. Total debts are ...